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May 17 (Bloomberg) -- Barclays Plc hired Karan Madan from Deutsche Bank AG to serve as its regional head for Latin America, according to an internal memo obtained by Bloomberg News.Madan will be responsible for the trading of fixed income, currencies and commodities in Latin America at Barclays Capital, the investment-banking unit of Barclays Plc, according to the memo. Madan, the former head of global markets for Latin America at Deutsche Bank, will start at Barclays in August and will be based in New York.Barclays spokesman Brandon Ashcraft confirmed the contents of the memo in an e-mailed message. Deutsche Bank spokeswoman Renee Calabro declined to comment.“Latin America has been a strategic focus of the firm for the past decade and this appointment demonstrates our ongoing commitment to further developing our platform in the region,” Jerry del Missier, Barclays’s Co-Chief Executive of Corporate & Investment Banking, said in the memo.Barclays is announcing the hiring days after it lost two top fixed-income executives in Brazil to Bank of America Corp.Roge Rosolini, most recently Barclays’s head of fixed income, currencies and commodities in Brazil, will co-lead fixed income at Bank of America and Andre Rizzo will head fixed-income and currency sales in Brazil, according to an internal memo from the Charlotte, North Carolina-based bank obtained by Bloomberg News.--Editors: David Papadopoulos, Glenn J. Kalinoski
To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net
To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net
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